TSEP vs. JANB
TSEP (FT Vest Emerging Markets Buffer ETF - September) and JANB (Aptus January Buffer ETF) are both Defined Outcome funds. Both are actively managed. Their correlation of 0.80 suggests significant overlap in exposure. TSEP charges 0.95%/yr vs 0.25%/yr for JANB.
Performance
TSEP vs. JANB - Performance Comparison
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Returns By Period
In the year-to-date period, TSEP achieves a 9.07% return, which is significantly higher than JANB's 6.08% return.
TSEP
- 1D
- -0.16%
- 1M
- 1.50%
- YTD
- 9.07%
- 6M
- 10.71%
- 1Y
- 23.98%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
JANB
- 1D
- -0.22%
- 1M
- 2.38%
- YTD
- 6.08%
- 6M
- 7.10%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TSEP vs. JANB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
TSEP FT Vest Emerging Markets Buffer ETF - September | 9.07% | 3.28% |
JANB Aptus January Buffer ETF | 6.08% | 2.69% |
Correlation
The correlation between TSEP and JANB is 0.80, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Oct 15, 2025 | 0.80 |
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Return for Risk
TSEP vs. JANB — Risk / Return Rank
TSEP
JANB
TSEP vs. JANB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FT Vest Emerging Markets Buffer ETF - September (TSEP) and Aptus January Buffer ETF (JANB). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| TSEP | JANB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.47 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 3.32 | — | — |
| Martin ratioReturn relative to average drawdown | 13.65 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| TSEP | JANB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.37 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.46 | 1.97 | -0.51 |
Drawdowns
TSEP vs. JANB - Drawdown Comparison
The maximum TSEP drawdown since its inception was -9.83%, which is greater than JANB's maximum drawdown of -6.52%. Use the drawdown chart below to compare losses from any high point for TSEP and JANB.
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Drawdown Indicators
| TSEP | JANB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.83% | -6.52% | -3.31% |
Max Drawdown (1Y)Largest decline over 1 year | -7.25% | — | — |
Current DrawdownCurrent decline from peak | -0.16% | -0.22% | +0.06% |
Average DrawdownAverage peak-to-trough decline | -1.69% | -1.14% | -0.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.76% | — | — |
Volatility
TSEP vs. JANB - Volatility Comparison
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Volatility by Period
| TSEP | JANB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.09% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 7.98% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 10.17% | 7.41% | +2.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.37% | 7.41% | +3.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.37% | 7.41% | +3.96% |
TSEP vs. JANB - Expense Ratio Comparison
TSEP has a 0.95% expense ratio, which is higher than JANB's 0.25% expense ratio.
Dividends
TSEP vs. JANB - Dividend Comparison
Neither TSEP nor JANB has paid dividends to shareholders.
Frequently Asked Questions
TSEP and JANB have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, JANB is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JANB is cheaper with a 0.25% expense ratio, compared with 0.95% for TSEP.
TSEP and JANB have nearly identical dividend yields, around 0.00%.
They also come from different issuers: First Trust and Aptus Capital Advisors. Their fees differ too: 0.95% for TSEP and 0.25% for JANB.
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